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He is going to claim 'robust' meant 'it could take more heat and more problems'

Looks like they overhedged and end up net short Greece

Question is, will he be called a 'chump?:p http://www.bloomberg.com/apps/news?pid=20601087&sid=asl_KF5OAyLE&pos=1

This could be done as a business outside US territory(if that is still illegal, then by non-US citizens). The problem is transportation of coins, maybe a small factory located in the Mexico border could be an idea

http://www.deloitte.com/view/en_GX/global/index.htm

Martin, what is going on with USD 3m libor?It doesnt stop going up

Paul should call his efforts 'audit monetary policy' not 'audit the fed'. You dont think interest rates are low enough right now? :p

Someone email this to Ron Paul http://www.federalreserve.gov/newsevents/press/other/20100421b.htm

Most of the Austrian teachings were written before there was avaliable extensive global empirical research in the leading up to and the aftermath of financial crises

As far as commodity inflation are concerned, shouldn't the Fed raise rates to deal with rising commidity prices?In my view no, raising rates could help control that kind of inflation by raising real rates and making it harder to borrow, putting people out of work to cool down demand. Problem...

Looks like the BOC will raise rates, I dont think thats very meaningful for 2 reasons -Canada is a net exporter of commodities(With the US being an importer all the commodity inflation that the ET vigilantes complain actually weakens the economy on net) -Canada did not had a banking crisis(The...

CME Fed Watch tool, market at a almost 50% probability of rate hike by Sep 2010(adding the bigger hikes in) http://www.cmegroup.com/trading/interest-rates/fed-funds.html

The only certainties in life are death, taxes and that GS will beat earnings estimates

All the GS hate aside, the fact that the SEC decision was not unanimous and it seems to correlate with the members political preference(plus the timing to go along with the Financial reform bill) might make quite unlikely there is an winnable case behind the SEC allegation. It wasn't nice...

The FTC is on the PPD case as well, its an comsumer protection agency, there is a ton of political pressure on them to show that they are getting things done http://www.sequenceinc.com/fraudfiles/2009/11/19/ftc-taking-action-against-pre-paid-legal-services-inc/

Its bouncing back nicely, despite the fact that the new politicized SEC might decide to make an example of PPD in order to show what 'consumer protection' should be all about

http://www.bloomberg.com/apps/news?pid=20601087&sid=amvJPx_1cPwo&pos=1

Didnt you got the Lloyd Blankefein memo?They were hedged by owning AIG CDS :D Even though they lost $6 a share when LEH went bust, apparently they would be immune to the failure of AIG and the collapse of the world financial system

Two quick points, to my knowledge Paulson and Co and other CDS buyers did not need any taxpayer funded bailouts. 2nd shorting a stock also will make you profit 'when the other side involve people whose life stand to be ruined'. I'm sure there was plenty of honest, hard working people in Enron...

You missed the point, some people are attacking him on the basis that he was a scoundrel for doing that, approaching an investment bank to create a product for his financial gain, they dont apply the same logic to long oriented investments. its the old prejudice against short selling disguised...